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CA Rajendra Shete The understanding of finance is the need for every human being. Most people work for basic needs; they don’t have time to think about their finances. But they don’t know that understanding finance is the most important aspect for every human being. When every human being understands finance, I am sure we will think beyond … Read more
The free of cost e-PAN facility is available on www.incometaxindiaefiling.gov.in for the limited period. Following are the basic requirements for the application: – The applicant already have PAN should not apply for e-PAN. This e-PAN facility is available only for resident individual Your mobile number should linked with the Aadhhar, so you can get Aadhaar … Read more
Introduction Maharashtra Finance Minister Sudhir Mungantiwar presented the second budget of Fadnavis Government on 18th March 2016. The Fadnavis Government knows the current situation of the farmers in the state. Therefore, this budget 2016-17 is dedicated to our farmers. Due of severe drought in the state Maharashtra Budget for 2016-17 has proposed Rs. 25,000 crore … Read more
February and March are the tax planning months for the taxpayers. Every taxpayer thinks how to reduce his tax liability. Life insurance premium is the one of the most well-known and easily available instrument for saving the tax under section 80C of the Income Tax Act. General FAQ regarding the tax saving through insurance premium … Read more
Most of income tax returns are filed online and taxpayers are giving the computerized printed copy as an acknowledgement of Income Tax Return, called as ITR-V. Therefore it is difficult for bankers to check the genuineness of ITR as it is just computerized printed pdf copy. Following are the two options for verification of ITR acknowledgement. Option 1 – Download … Read more
What is new composition scheme for MVAT dealer and its applicability? Deputy Chief Minister of the Maharashtra state announced the new composition scheme for retailers in his budget speech. The sales tax department comes with the trade circular No. VAT/AMD/2014/8/ADM-8 dated 20/09/2014 regarding the new retailer’s composition scheme. The old composition scheme is expired with effect from 30th September … Read more
Following are some important point to become a successful merchant exporter. 1. Study the exporter product in detail. Exporter should have the details knowledge of the features of the products, its technical specification, a variety of the product and uses of the product. 2. The merchant exporter should evaluate the supplier/manufacture of in totality. He … Read more
What is H form? H form is the certificate issued by Sales tax/ VAT department as proof of export. Who can apply H form? Only register dealer who exports the goods outside Indian can get H form. What is use of H form? State sales tax is applicable when goods sold in the state. Central … Read more
Price is the most important factor for the merchant exporter; as international market is most competitive market. In trading business you do not get what you deserve; but you get what you negotiate. It is very important that merchant exporter should develop the skill of negotiation for procurement of goods with competitive rate from the … Read more
“Merchant Exporter” means a person who is engaged in trading activity and exporting or intends to export the goods. Merchant exporters purchase the material from manufacturer and export the same. Manufacturing exporter means a person who manufactures the goods and export or intend to export the goods. The following points show the difference between the manufacture exporter and merchant exporter. … Read more